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That's exactly why we're in a bubble. "Because other people are paying even more" is a really bad reason to pay too much for something. But that's the entire ba
by imagist 10y ago
That's exactly why we're in a bubble. "Because other people are paying even more" is a really bad reason to pay too much for something. But that's the entire basis of Twitter's price--it's people investing in Twitter because other people are investing in Twitter (and other such companies) with no concern for whether that investment will ever return a profit.